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Fuel prices to go up by 10% effective October 16 – COPEC



Fuel prices to go up by 10% effective October 16 – COPEC

Prices of petroleum products are expected to see a rise again beginning Sunday, October 16 as part of the adjustments for the 2nd pricing window of this month.

Fuel prices across pumps within the country are projected to see an increase of an average of 10% for both petrol and diesel, according to the Chamber of Petroleum Consumers(COPEC).

From observed figures within the downstream industry and forex movements, COPEC anticipates an average price escalation of about 10.12% for both petrol and diesel based on the increase in the price of crude oil on the international market and the depreciation of the cedi.

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“Between the current window and the next window due, 16 Oct 2022, Crude oil price is observed to have seen an increase of 3.66% from $89.46 to $92.73 per Barrel, whilst the Dollar index has further gone up by about 4.08% from GHS10.21 to GHS10.627 per Dollar as per Government rate (Conservative figures) though actual market rates are quite higher currently,” COPEC observed.

The corresponding international processed Petroleum prices for the next window average as follows:

Petrol: $964.75/MT (up by 15.72%)
Diesel: $1,097.15/MT (up by 9.60%)

Internally, the projected average price of both Petrol and Diesel for the next window is expected to be GHS13.77/L, showing a price jump of 10.12% over the current Mean fuel Prices for both products across the various OMCs trading.

From observed data, Petrol, which is currently selling at an industry average of GHS11.06/L is likely to be sold at GHS12.38/L (11.88% higher) from 16 October 2022 whilst Diesel currently selling at an industry average of GHS13.95/L is likely to be sold at GHS15.16/L. (8.72% higher)

For LPG, the international price is estimated to hit $618.34/MT (up by 3.81%); the price of LPG is likely to go up by 5.04% to sell around GHS10.21/kg.

Considering no sudden jerks in Crude Oil pricing, that may lead to changes in Petrol, Diesel, and LPG Prices on the International market, the Mean Ex-pump prices are expected to be within the projected figures by +/-2% as indicated below:

Petrol: GHS12.12/L to GHS12.63/L
Diesel: GHS14.86/L to GHS15.46/L
LPG: GHS10.01/kg to GHS10.41/kg

COPEC in a statement, therefore, implored the petroleum service providers to be considerate of applying the full force of the indexes in their pricing.

It added: “We are without equivocation, mindful that, the projected figures are conservatively lower than what the actuals could be due to the continuous depreciation of the local currency.”

It further admonished: “Government to do whatever it deems necessary, to ensure an urgent stabilization of the cedi to the Dollar exchange rate to prevent pricing of petroleum products getting to an impending disaster as the effect of these steep increases in fuel prices cuts across all sectors of the local economy and to also further ensure some drastic reductions of some of the existing taxes and levies on Petroleum products to help ease the burden on consumers.”

Source: Ghana/ Fm

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Smoke Ice Music/JayRaw Multimedia Signs Kulli Jay, A Budding Afrobeats Artiste




Smoke Ice Music and JayRaw Multimedia has announced the signing of a new male singer, Kulli Jay to their record label, Smoke Ice Music/JayRaw Multimedia.

The up-and-coming musician, Kelvin Osei Owusu who goes by the stage name Kulli Jay, also expressed his excitement about the deal, promising his best under the new management.

Kulli Jay, the new signee has been churning out a couple of music before he came into contact with Smoke Ice Music/Jayraw Multimedia. The announcement and signing was posted on the socials of the Label. Speaking to the CEO of Ice Smoke Music, he promises that their new signee is full of goodies and that Ghana and beyond should expect something awesome.

Kulli Jay is expected to drop his newest single under the label very soon.

Connect With Smoke Ice Music

Facebook: Smoke Ice Music

Instagram: Smoke Ice Music

Twitter: Smoke Ice Music

TikTok: Smoke Ice Music


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Meet Derrick Ampadu Ansong, The Grandson Of The Late Legendary Nana Kwame Ampadu




Derrick Ampadu Ansong, known by his stage name Ampadu Ansong, is a multifaceted Ghanaian talent who has made a significant impact in Ghana’s entertainment industry. With his charm, energy, and versatility, Ampadu Ansong has become a popular figure in showbiz circles. From his early years in the bustling capital city of Accra.

Ampadu Ansong has proven his ability to captivate audiences and create memorable experiences. In this article, we will delve into his background, career, and contributions to the world of Ghanaian entertainment.

Derrick Ampadu Ansong who is the Grandson of the legendary musician The Late Nana Ampadu, a student of Ghana Telecom University who comes from kwaku in the Eastern part of Ghana.

Ampadu Ansong works with the record label known as Chambers Records. He has 3 singles to his credit namely, Hallelujah,Tina and Alone, and soon to release another amazing single. Growing up in the capital city, he was exposed to the vibrant and diverse entertainment scene that characterizes Accra.


This early exposure ignited his passion for the arts. Throughout his schooling years, Ampadu Ansong displayed natural talent in hosting and entertaining, captivating his peers and teachers with his charisma and quick-witted humor.

Stream his song below

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